Euro Stoxx 50: Conditional Short

INDEX:MOY0   Euro Stoxx 50 Index
29 0 3
This index is already way off its highs.

But, if it drops it a bit lower and then advances to the 3300 area I would likely short it with the hopes of eventually visiting a level just below 2200.

It sounds aggressive and it is but the first wave down is in the 1000 point area.

In my mind the European Monetary Union is a messy minefield and, to an extent, I would be shorting the EMU financial sector as close to 25% of the index comprises such companies which is fine with me.

20/20 I wish I could have recently shorted Chinese and Italian banks. But pulling the trigger will depend upon the prevailing political circus and ECB policies and prospective policies.

A waiting game.
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